Fairfax Financial Holdings Limited (TSE:FFH) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analyst consensus is “Moderate Buy”: Four of seven brokerages rate Fairfax Financial a buy, while three recommend holding the stock. The average 12-month price target is C$2,751.57.
• Recent analyst targets range from C$2,261 to C$3,450, including upgraded targets from Raymond James and National Bank Financial, while CIBC maintained a neutral rating and BMO lowered its target.
• Fairfax Financial reported quarterly EPS of C$90.05 on C$18.46 billion in revenue, with a 16.94% return on equity and a 13.57% net margin. Its shares opened at C$2,272.17, below the average analyst target.

Shares of Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$2,751.57.

FFH has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce set a C$2,350.00 price target on shares of Fairfax Financial and gave the company a "neutral" rating in a research report on Friday, June 26th. BMO Capital Markets lowered their price objective on Fairfax Financial from C$2,550.00 to C$2,400.00 in a research report on Monday, May 4th. Raymond James Financial boosted their price objective on Fairfax Financial from C$3,000.00 to C$3,050.00 and gave the company an "outperform" rating in a research note on Monday, May 4th. National Bank Financial upped their target price on Fairfax Financial from C$3,300.00 to C$3,450.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Finally, Royal Bank Of Canada raised their target price on Fairfax Financial from C$2,234.00 to C$2,261.00 and gave the stock an "outperform" rating in a research note on Monday, April 20th.

Fairfax Financial Price Performance

FFH stock opened at C$2,272.17 on Monday. The stock has a market capitalization of C$47.19 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 0.27 and a beta of 0.30. The company has a current ratio of 2.03, a quick ratio of 0.93 and a debt-to-equity ratio of 54.38. Fairfax Financial has a 12 month low of C$2,066.16 and a 12 month high of C$2,700.00. The firm has a 50-day moving average price of C$2,329.08 and a 200-day moving average price of C$2,315.18.

Fairfax Financial (TSE:FFH - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported C$90.05 EPS for the quarter. The firm had revenue of C$18.46 billion during the quarter. Fairfax Financial had a return on equity of 16.94% and a net margin of 13.57%. As a group, equities research analysts anticipate that Fairfax Financial will post 212.3039807 EPS for the current fiscal year.

Fairfax Financial Company Profile

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.

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